Student Loan Relief Strategies

Federal law provides several ways borrowers may legally eliminate student loan debt. These include bankruptcy discharge, disability discharge, borrower defense claims, and income-driven repayment forgiveness. Student Loan Discharges: Four Legal Ways Federal Loans Can End Federal law provides several ways borrowers may legally eliminate student loan debt. The four most important paths are bankruptcy discharge, disability discharge, borrower defense claims, and income-driven re

Choosing a federal student loan repayment plan can be confusing. Many borrowers see different options online, including income-driven repayment, standard repayment, consolidation, PSLF, forgiveness, and possible discharge. The problem is that each choice can affect more than the monthly payment. It may also affect long-term forgiveness, repayment history, interest, and future legal options. The First Question Is Not the Payment Most borrowers start by asking: What is the lowe

Student loan discharge in bankruptcy is no longer a myth. For years, borrowers were told the same thing over and over again: “You can’t discharge student loans in bankruptcy.” That statement is outdated. The proof is now published in the American Bankruptcy Law Journal. In “Bridging the Student Loan Bankruptcy Gap,” 99 American Bankruptcy Law Journal 414, Professor Jason Iuliano reviews what has happened after the 2022 Department of Justice and Department of Education reforms

Student loan consolidation is often presented as a simple way to simplify repayment. In reality, consolidation can significantly change the structure of a borrower’s federal student loans. While consolidation can be useful in certain situations, it may also create unintended consequences if borrowers do not understand how the process affects repayment timelines, forgiveness eligibility, and loan history. Understanding the potential traps of consolidation is important before m